scam

An advance-fee scam is a form of fraud and one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.

Source: en.wikipedia.org

PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
March 16, 2017  |  Daily Data Dive

Financial debt is something that plagues everyone at one point or another in their lifetime. In a Payday Support Center scam, the Federal Trade Commission (FTC) is...

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RD Legal Accused Of Illegal Scam Against 9/11 First Responders
RD Legal Accused Of Illegal Scam Against 9/11 First Responders
February 08, 2017  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the New York attorney general have filed a lawsuit against RD Legal Funding, LLC, as well as Roni...

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IRS Warns Of Revamped W-2 Email Scam
IRS Warns Of Revamped W-2 Email Scam
February 07, 2017  |  Security & Fraud

The Internal Revenue Service recently issued a warning to U.S. employers and taxpayers to take additional cybersecurity precautions in the wake of new developments in...

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LA County Workers’ Info Stolen Via Phishing
LA County Workers’ Info Stolen Via Phishing
December 20, 2016  |  Security & Fraud

Ransomware may get all the attention, but phishing scams are alive and kicking with one recently targeting staffers at the County of Los Angeles. According...

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FTC Ends $7M Payday Loan Scam
FTC Ends $7M Payday Loan Scam
December 01, 2016  |  Security & Fraud

The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 million. The scheme is accused of collecting sensitive...

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UK Freshman College Students Target Of Email Scam
UK Freshman College Students Target Of Email Scam
August 15, 2016  |  Security & Fraud

Hackers are preying on freshman college students in the U.K., tricking them into clicking on a link to update their information that could lead to...

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FTC/Data Broker Settle Over Selling Scammers’ Bank Account Data
FTC/Data Broker Settle Over Selling Scammers’ Bank Account Data
February 19, 2016  |  Security & Fraud

Defendants accused of intentionally brokering hundreds of thousands of consumers’ sensitive data have settled their case brought by the Federal Trade Commission. According to a...

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FTC Sends Money To Payday Loan Scam Victims
FTC Sends Money To Payday Loan Scam Victims
February 18, 2016  |  Security & Fraud

In the wake of a payday lending scam that swindled money from consumers, the Federal Trade Commission is sending checks to consumers affected by the...

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